Medical Adhesive Tapes Market – Analysis and Forecast To 2024
Medical adhesive tapes are also known as surgical adhesive tapes. They are used for closing wounds and holding bandages in place, which are designed to meet a wide range of bandaging requirements. These tapes are available in a variety of widths, styles, and lengths. To reduce the risk of infection, some of these tapes are prepared with zinc oxide. The global medical adhesive tapes is growing at a significant pace, and expected to register a fast growth in the coming years.
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Based on backing material, the medical adhesive tapes market is segmented into paper, fabric, plastic, and others. Among all these, fabric medical adhesive tapes are anticipated to lead the market and are expected to grow at the highest CAGR in the coming years. These tapes are made of polyester, taffeta, cotton or a combination of fibers that are coated with adhesives that allows the dressing the stick to the body surface. Also, these tapes are used in variety of applications such as catheters, securing dressing, tubing, and various other medical purposes.
The rise in surgical procedures is attributed to the growing incidences of cardiovascular diseases, traumatic injuries, neurological disorder, and others. Along with that, the growing number of C-section surgeries is also one of the major factors fueling the market growth. Also, growing incidences of trauma and accidents, street mishaps and the rising incidences of different chronic diseases are boosting the market growth for surgical procedures.
The pressure on manufacturers is increasing to produce a low-cost product to stay competitive in the market, which can potentially hinder the market growth. Hence, reducing cost while also focusing on customer satisfaction while maintaining the quality of the product is the expected to pose as a challenge in the market.
Asia-Pacific is projected to be one of the largest and fastest growing regions in the medical adhesive tapes market. This is primarily attributed to the increasing population in the region and also the high growth economies which includes Japan, China, India, and others. China is the largest consumer of these tapes in the region, owing to the increasing industrial production in the country.
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3M Company, Johnson and Johnson Services, Medtronic Plc., Scapa Group, Smith & Nephew, Nitto Denko Corporation, Nichiban Co., Ltd., Avery Dennison Corporation, CCT tapes, and Jiangsu Nanfang Medical are some of the major players operating in the medical adhesive tapes industry.